Overview
Wireless solutions firm's fiscal Q2 revenue beat analysts' expectations despite a yr/yr decline
Adjusted EBITDA for fiscal Q2 beat analysts' expectations
Company achieved highest Q2 bookings in over a decade
Outlook
Company maintains fiscal 2026 full-year revenue guidance between $440 mln and $460 mln
Aviat Networks expects full-year adjusted EBITDA between $45 mln and $55 mln
Result Drivers
HIGHEST Q2 BOOKINGS - Aviat Networks achieved its highest level of second quarter bookings in over a decade
EXPENSE MANAGEMENT - Improved net income and Adjusted EBITDA due to better gross margins and ongoing operating expense management
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$111.50 mln
$109.67 mln (7 Analysts)
Q2 Adjusted EPS
$0.54
Q2 EPS
$0.44
Q2 Net Income
$5.70 mln
Q2 Adjusted EBITDA
Beat
$11.30 mln
$10.76 mln (7 Analysts)
Q2 Gross Margin
32.4%
Q2 Operating Income
$7.3 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Aviat Networks Inc is $34.00, about 50.2% above its February 2 closing price of $22.64
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nPn2JSbsZa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)